BEIJING, May 16 (Xinhua) — The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 25 major currencies announced on Thursday by the China Foreign Exchange Trade System:
Currency Unit Central parity rate in yuan
U.S. dollar 100 710.20
Euro 100 774.98
Japanese yen 100 4.6241
Hong Kong dollar 100 90.998
British pound 100 902.68
Australian dollar 100 477.15
New Zealand dollar 100 437.23
Singapore dollar 100 529.27
Swiss franc 100 789.71
Canadian dollar 100 523.64
Pataca 113.27 100
Malaysian ringgit 66.064 100
Ruble 1,273.49 100
Rand 256.93 100
Korean won 18,969 100
UAE dirham 51.663 100
Saudi riyal 52.754 100
Hungarian forint 4,994.95 100
Polish zloty 55.182 100
Danish krone 96.61 100
Swedish krona 149.71 100
Norwegian krone 149.93 100
Turkish lira 452.325 100
Mexican peso 235.17 100
Thai baht 508.52 100
The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.
The central parity rate of the yuan against the Hong Kong dollar is based on the central parity rate of the yuan against the U.S. dollar and the exchange rate of the Hong Kong dollar against the U.S. dollar at 9 a.m. in international foreign exchange markets on the same business day.
The central parity rate of the yuan against the Pataca is based on the central parity rate of the yuan against the Hong Kong dollar and the exchange rate of the Pataca against the Hong Kong dollar at 9 a.m. in international foreign exchange markets on the same business day.
The central parity rates of the yuan against the other 22 currencies are based on the average prices offered by market makers before the opening of the interbank foreign exchange market.